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DAVAO CITY—Investments on travel and tourism have snowballed across key cities in the Philippines—with this city marking high in preferred investment site—as the industry continue to ride high on huge consumer spending in travel.

The RedDoorz, a leading hotel management and booking online platform in Southeast Asia, told BusinessMirror that “some of its customers and a few inquiries” accessing its Internet platform have indicated or expressed interest in putting up businesses.

“There is a steady inquiry and actual investments in tourism destinations. It’s not only inquiry and references about travel,” RedDoorz Country Head Stefanie Irma said.

While the trend to invest involved a few customers yet, she pointed out that the trend has been steady and increasing through the years. “They ask where to invest and how business is in tourism, in building hotels, and other accommodation and services,” she said.

RedDoorz said it was able to track this trend, mainly through its Internet web site, which is accessed regularly by its more than 3 million customers across Southeast Asia, many of them in Indonesia, the Philippines, Singapore and Vietnam.

Investments in tourism are growing in these countries, and in the case of the Philippines “our customers are inquiring and looking at investing in the key cities,” Irma said.

Country Marketing Manager Raenald de Jesus said the investment interest in tourism facilities and hospitality, and other hotel services have been cropping up steadily in the RedDoorz Internet portal.

“We are tracking it as among the new developments in business to business dealings with customers,” he said.

Customers of RedDoorz sought its assistance due to its extensive experience in hotel management and travel booking, for which it has already set periodic trend in the social media regarding accommodation options and other tourism services.

“Customers would ask us how to do it, how to manage their investment properties in tourism destinations,” she added.

De Jesus said 30 percent of inquiries through its portal were looking at Davao City, which the RedDoorz now consider as the “new boomtown.”

RedDoorz has more than 20 properties, or linked hotels and other accommodation facilities, with more than 500 rooms to offer to visitors in the city, the comany statement said. It added that it wanted to double this number by the first quarter of this year.

Across the country, it has more than 200 hotels, inns, residences that it partnered in an 80 to 20 sharing arrangement in favor of the hotel owners.

Source : https://businessmirror.com.ph/2019/09/13/investments-in-key-phl-cities-continue-to-rise-reddoorz/

Tags: Hotel Investment Business Development